Thoughts? Do we really deserve our ‘profits’?

2 comments

1. The idea is that investors increase the efficiency of the system by choosing the companies that are best at allocating our resources. If you are good at that, you make money, if you are bad, you lose it. It is an important job to be honest.

2. Dr Richard Wolff is a bit too animated on this topic in my opinion. I prefer Ellerman’s Neo-Abolitionist take which focuses less on the current corporate system and it’s issues and more on the benefits of a more democratic workplace (which although we seem to have in politics it has never entered the work or private sphere). Is Richard Wolff wrong here? No, this is the way corporations that are publicly traded operate (especially ones that pay out dividends) but I find it disappointing that he is this animated about the issues and current situation but his solution always seems less stated (again why I prefer Ellerman & his relaxed stance more). These are problems in some ways but Wolff is also a known Marxist economist so his viewpoint of history and class is heavily skewed by Marxist ideals and tbh it shows (not in a good light) in my opinion.